Malaysia’s economy is likely to grow in February to April 2019
According to the performance of Malaysian Economic Indicators: Leading, Coincident & Lagging Indexes for October 2018, the Malaysia’s economy is likely to grow in February to April 2019. The monthly change of Leading Index (LI) augmented in October 2018, registering a growth of 1.2 per cent to attain 119.3 points from 117.9 points in the previous month. This was primarily due to the increase of Real Imports of Other Basic Precious & Other Non-ferrous Metals (0.4%). The annual change of LI showed an improvement from negative 1.7 per cent in September 2018 to negative 0.7 per cent in October 2018. The composite of LI is designed to monitor the economic performance direction in an average of four to six months ahead.
The Coincident Index (CI) which reflects the current economic activity, rose 1.0 per cent in the reference month. Two components that contributed significantly to the increase were Volume Index of Retail Trade (0.5%) and Real Contributions to EPF (0.2%). At the same time, the annual change of CI grew further to 3.9 per cent in October 2018 as against 3.4 per cent in the previous month.
The Diffusion Index for LI and CI performed better in October 2018 compared to the last month. The Diffusion Index for LI posted 71.4 per cent while all components of the Diffusion Index for CI increased to achieve 100.0 per cent for the first time in 2018.
DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS MALAYSIA
24 December 2018
Ho Mei Kei
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : mkho[at]dosm.gov.my